In some ways, it would be epic Karma to be forced to take a "Economic Stabilization Plans" that fracked up so many countries from the IMF that we shoved down their throats ourselves.
This doesn't address what you quoted. When the dollar is no longer used as a currency reserve and as the medium of oil exchange, both highly artificial constructs that interfere with the market principles of actual value, we're going to get the shaft we've prolonged for decades. The dollar's value hasn't been accurate in the market for decades because of artificial constructs in the market. But you don't here the absolute pro-market people saying a thing about removing them for the good of the market. Hypocrites.Why do you think I wanted to bitch slap McCain when he "rushed back to DC to help moderate the bailouts?
It really depends on how well the economy picks up within the next five years and how big a surplus Congress can build to reduce the debt. As I've been saying for years we're going to have to jack up taxes and cut spending to have any hope of getting out of this hole.I think it's scary likely.